According to Zacks, “RCM Technologies, Inc. is a national provider of Business, Technology and resource solutions in information technology and professional engineering to customers in corporate and government sectors. The company has grown its information technology competencies in the areas of resource augmentation, e-business, Enterprise Resource Planning support, network and infrastructure support and knowledge management. RCM’s engineering expertise is in the form of technical design, field engineering, field support, procedures development and project and program management. “
A number of other equities analysts have also recently issued reports on RCMT. B. Riley dropped their price target on shares of Orion Group from $7.00 to $4.00 and set a “neutral” rating on the stock in a research note on Friday, March 29th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.
R C M Technologies (NASDAQ:RCMT) last announced its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The company had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.34 million. R C M Technologies had a net margin of 1.55% and a return on equity of 16.09%. Research analysts anticipate that R C M Technologies will post 0.41 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in R C M Technologies stock. Bourgeon Capital Management LLC raised its stake in shares of R C M Technologies Inc (NASDAQ:RCMT) by 27.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 187,928 shares of the business services provider’s stock after acquiring an additional 40,306 shares during the period. Bourgeon Capital Management LLC owned approximately 1.46% of R C M Technologies worth $740,000 as of its most recent SEC filing. 26.56% of the stock is owned by institutional investors.
About R C M Technologies
RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.
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